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Home » Business And Finance Articles » Microsoft Great Plains Rm Receivables Management

Microsoft Great Plains RM: Receivables Management

Microsoft Business Solutions Great Plains is marketed for mid-size companies as well as Navision (which has very good positions in Europe and emerging markets where it can be easily localized).

Great Plains Receivables Management (RM) module lets you maintain tight control over Accounts Receivable with capabilities that help you track invoices, process receipts, and analyze customer activity, so you can manage sales made on account more effectively and yet maintain lower overhead costs.

Manage your sales process more effectively by measuring trends and analyzing performance with comprehensive customer tracking combined with sales tracking by person or territory. RM also helps reduce administrative costs and enhance office productivity with automated receipt processing and posting and personalized statement cycles that fit your customers and business.

Features:

• Extensive Drill-Down â€" Cross-module drill-down capabilities give you the ability to locate the exact details you need.
• Comprehensive Customer Information â€" Streamline your customer information with customer categories for consistent record maintenance and comprehensive data, including addresses, shipping methods, default purchase accounts, and user-defined information.
• Installment Management â€" Automate your customer installment payments by creating schedules, calculating interest, amortizing amounts, and forecasting the impact of variable interest rates, payment amounts, and installment changes.
• Sales Analysis â€"Analyze your sales performance with receivables tracking for each salesperson or sales territory, including commissions, commissioned sales, noncommissioned sales, and cost of sales for the year to date.
• Control Account Management â€" Manage your payables control accounts by reporting segments, such as cost center, division, department, program or fund, and display a breakdown by segment values of your central control payables account. Eliminate the need to manually reconcile reporting segments and get a true account of amounts owing by segment value.
• Automated Processing - Automate processes for writing off and adjusting overpayments and underpayments, as well as create and apply debit and credit documents for open balances.
• Complete Receivables Reporting â€" Create a comprehensive suite of reports that can be sorted by calendar or fiscal year with on-screen display and search, or combine with Microsoft® Business Solutionsâ€"Great Plains® modules such as Report Writer or Crystal Reports for greater reporting flexibility and power.
• Customer Vendor Consolidation â€" Define relationships with existing customers who are also vendors and apply open debit and credit documents against each other to consolidate current balances in both Payables and Receivables Management.
• Lockbox Processing â€" Automatically import and apply customer payment information from a lockbox transaction file provided by your bank. By streamlining manual data entry and cash application, Lockbox Processing provides reliable receivables information, improved funds availability, increased productivity and greater fraud protection.

Good luck with implementation, customization and integration and if you have issues or concerns â€" we are here to help! If you want us to do the job - give us a call 1-630-961-5918 or 1-866-528-0577! help@albaspectrum.com

And here is another random article you might be interested in...

Freedom! The Battle Cry of the Business Owner

"I wanted freedom from a boss so I started my own business. Now I need freedom from my business because it's running my life." Sound like you?

Here are three tips to help you find that freedom.

1. Put your stake in the ground. Where are you headed with your business? Can't answer because you're too busy working on yesterday's problems? Stop and do it now. Much of your freedom is being eaten up by activities that won't get you where you want to go. Define where that is and work toward it.

2. Set boundaries. Don't take on work that steals time you should be dedicating to focusing on sales of your core product or service. Sometimes you just have to say "no." Be careful about performing business functions that "don't cost anything." Put a dollar value on your time. Outsource. It will cost you less in the long run.

3. Take action. Talking and thinking about doing things that will grow your business are necessary. Writing them down and making them happen is even better. Identify the critical steps you must take now to get closer to the freedom you seek.